Sunday, July 7, 2024

Ex-defence secretary Ajay Kumar joins VC play with early-stage fund

Ajay Kumar, a former bureaucrat who retired as India’s defence secretary in 2022, has set up a new venture fund, Mounttech Growth Fund, to back early-stage startups. The Rs 250-crore fund has secured approval from Sebi. The fund will look to back startups in the space, aerospace, and deep tech sectors.

from Tech-Economic Times
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